Small businesses are suffering harm from Facebook, LinkedIn and other social media platforms, according to a new report from the Australian Competition & Consumer Commission (ACCC). The report, which examined how consumers and businesses interact with social media services, found evidence of: Excessive data collection practices. Widespread scam activity. Lack of effective dispute resolution options. … Read more
The federal government delivered a range of small business-friendly programs and incentives in its recent budget. Under the Energy Bill Relief Fund, eligible small businesses will receive up to $650 in electricity bill relief. Under the Small Business Energy Incentive, businesses with aggregated annual turnover of less than $50 million will be able to deduct … Read more
Commercial vendors and buyers have become more cautious as interest rates have been rising. Nevertheless, there were still more than $17 billion worth of sub-$5 million transactions conducted during the year to May 2023, according to Ray White Commercial Head of Research Vanessa Rader. The asset types that attracted the most activity were: Retail shops … Read more
Scamwatch has urged businesses and consumers to be on the lookout for increased scam activity and to take steps to protect themselves. Criminals use data breaches, such as the 2022 Optus data breach, to target people through phishing emails, phone calls, and SMS or social media messages, according to Scamwatch. To protect yourself, don’t click … Read more
